Plug supports liquid staking of ICP through the Waterneuron protocol, a decentralized staking system governed by a DAO and powered by the WTN governance token.
Liquid staking means you stake your ICP and receive a liquid token in return, in this case, nICP. This lets you earn staking rewards while still being able to use your nICP in DeFi, including DEXs. The nICP-ICP pair generates APY over time. You can view the current APY here.
How to stake ICP:
Open Plug and go to the DeFi Hub (second tab at the bottom).
Tap Staking.
Enter the amount of ICP you want to stake.
Confirm. Your ICP will be deducted, and nICP will appear in your wallet.